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Archive for July 9th, 2010

Rasmussen: Investor Confidence Falls to 2010 Low

It is not hard to figure out why investor confidence is in free-fall: the current administration’s policies of tax, spend, regulate, and then repeat has dire consequences.

From Rasmussen:

Among investors, 9% rate the economy as good or excellent and 26% believe the economy is getting better. Fifty-five percent (55%) of investors believe the economy is getting worse.

Meantime, uncertainty of what’s to come is adding to our problems.

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One or Two?

The Durham police want to exhume the body of pregnant murder victim Janet Abaroa as part of their search for evidence. Her husband, Raven Abaroa, opposes the exhumation. He is charged with first degree murder — just one murder — even though Janet was pregnant.

Two human beings died when Janet and her unborn baby were killed. Yet, North Carolina law continues to defy science and common sense in its effort to appease abortion supporters.

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Lindsay Lohan a Libertarian?

Let’s hope Ms. Lohan reads more Cato material while serving her 90 days in jail.

Here’s Cato’s response to Lohan’s tweets.

I echo Cato’s wish that this is Ms. Lohan’s last brush with the legal system. She clearly has problems. Let’s hope this incident leads to a fresh, productive start.

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If This Doesn’t Alarm You, You Aren’t Willing to Face Facts

This country is in bigtime economic trouble, folks. The current administration’s astronomical spending and borrowing cannot be sustained. (emphasis is mine)

The nation’s debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground.

The one-day increase for June 30 totaled $165,931,038,264.30 – bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.

Daily debt calculations jump and fall, and big shifts are common. But all three of the biggest one-day debt increases have occurred under the tenure of President Obama, and all of the top six have been in the past two years – an indication of just how quickly the pace of deficit spending has risen under Mr. Obama and President George W. Bush.

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Sen. Ellie Kinnaird Gets it Right

In an alarming vote of 46 to 1, the North Carolina Senate trampled on the right to be protected against unreasonable search and seizure. Only Sen. Ellie Kinnaird (D-Orange) voted against the bill that would allow the state to take a DNA sample from a person who is arrested — but not yet convicted – of certain crimes.

It is tempting to buy into the argument that this is about law and order, but think twice before accepting that. At its core, this bill is actually a slap in the face to the fundamental assumption of innocence until proven guilty — a fundamental premise of freedom and justice.

If this becomes comes law in our state — and it very well could since it is championed by the powerful Democratic Attorney General Roy Cooper — then we will have surrendered a fundamental right to government power.

Sen. Kinnaird is an ultra-progressive legislator with whom I regularly disagree, but on this issue, she is right and she should be acknowledged for it.

JLF’s Daren Bakst, director of legal and regulatory affairs, writes about the bill here, and he discusses the implications in this brief interview.

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